Approved Course Number - 12711
Course Cost $65.00 + Banking Fees at $1.50/Course Hour = $69.50
This online course is designed to meet your Pre-licensing education requirements in the state of which you have chosen. You may also need to complete the federal 20-hour SAFE Act requirement to gain your license.
3-Hour MA PE Online
This year The Knowledge Coop will walk you through an overview of NMLS-approved topics but, of course, we take a fresh and investigative approach to the information. In this class you will learn about:
- Identify and describe the unique Massachusetts laws, to include:
- Describe the MLO licensing standards set forth in c. 255F, section 4(a)(ii)(c) regarding certain misdemeanor convictions. - Explain the reverse mortgage program requirements set forth in MGL c. 167E Sections 7 & 7A (applicable to mortgage companies pursuant to MGL c. 183, section 67) - Know the late fees as described in MGL c. 183, section 59 Required Topics: • Licensing of Mortgage Loan Originators • Licensing of Mortgage Brokers and Mortgage Lenders • Investigations and Examinations • Maintenance of Books and Records • Client Funds Accounts • Advertising • Reverse Mortgage Loans • Massachusetts Disclosures • Fees and Charges • Prohibited Acts and Practices • Regulatory Actions • Community Reinvestment Act (CRA) and Fair Lending NMLS MA State-Specic PE Requirements 05222018 Page 2 • Renancing in the Borrower’s Interest • Unfair or Deceptive Acts or Practices
Meet Your Instructors
Sawyer came to The Knowledge Coop shortly after graduating with a degree in Business Administration from Biola University. He has lived in Europe and North Africa and speaks French Fluently. Sawyer has also been involved in the Real Estate and Property Management industries. Sawyer enjoys problem-solving, thinking creatively, and strives to bring that to bear on a daily basis at the Knowledge Coop through creating engaging content.